KPMG professionals discuss ASC 848 and the relief that may be available when accounting for the transition away from LIBOR and other interest rates that are expected to be discontinued.
- Companies with contracts or hedging relationships that reference an interest rate that is expected to be discontinued (e.g. LIBOR)
- 00:50 - Reference rate reform summary
- 03:55 - Optional accounting relief
- 10:15 - Example of applying relief
- 14:50 - Sunset (end) date for relief